SCB X PCL, officially known as Siam Commercial Bank X Public Company Limited, is a prominent financial institution headquartered in Thailand. Established in 1907, SCB X has evolved into a leading player in the banking and financial services industry, with a strong presence across Southeast Asia. The company offers a diverse range of services, including retail banking, corporate banking, and wealth management, distinguished by its innovative digital solutions. SCB X is recognised for its commitment to customer-centric services and technological advancements, positioning itself as a pioneer in the region. With a robust market position, SCB X has achieved significant milestones, including numerous awards for excellence in banking services. Its focus on sustainability and digital transformation continues to drive its growth and enhance its reputation in the competitive financial landscape.
How does Scb X Pcl's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Scb X Pcl's score of 50 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, SCB X Public Company Limited reported total carbon emissions of approximately 11518000 kg CO2e for Scope 1 and about 53866000 kg CO2e for Scope 2. Additionally, their Scope 3 emissions included approximately 967000 kg CO2e from business travel, 442000 kg CO2e from employee commuting, and about 30061000 kg CO2e from purchased goods and services. The company has set ambitious reduction targets, committing to a 42% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2023 as the base year. This commitment aligns with their long-term goal of achieving net-zero emissions across all scopes by 2050. SCB X is also focused on measuring and reducing its Scope 3 emissions, which encompass indirect emissions from its value chain. In 2022, the company reported Scope 1 emissions of approximately 6861000 kg CO2e and Scope 2 emissions of about 43151000 kg CO2e, indicating a proactive approach to tracking and managing their carbon footprint. Their climate commitments are consistent with the Science Based Targets initiative (SBTi), aiming to limit global warming to 1.5°C. Overall, SCB X's climate strategy reflects a robust commitment to sustainability and responsible investment practices, particularly in the financial sector, where they aim to cover 20% of their total investment and lending by total assets with climate-related targets.
Access structured emissions data, company-specific emission factors, and source documents
2022 | 2023 | |
---|---|---|
Scope 1 | 7,514,000 | 00,000,000 |
Scope 2 | 62,643,000 | 00,000,000 |
Scope 3 | 37,341,000 | 00,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Scb X Pcl is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.